Guideline Value for Sakthimadam(Koodam)St.Kavi Bharathi Nagar

Sakthimadam(Koodam)St.Kavi Bharathi Nagar guideline value

The current guideline value for Sakthimadam(Koodam)St.Kavi Bharathi Nagar is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sakthimadam(Koodam)St.Kavi Bharathi Nagar has changed

Over the years, the guideline value for Sakthimadam(Koodam)St.Kavi Bharathi Nagar has seen several revisions. The 2012 revision recorded a guideline value of Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 3,300 per sq.ft in 2023, and finally rose to Rs 3,600 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Looking at the changes, the guideline value saw a substantial increase of 49% from 2017 to 2023. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is equal to the current figure for Sakthimadam(Koodam)St.Kavi Bharathi Nagar.

• Samayapurathammal Koil 2nd st.(TVR ngr.): Rs 1,900 per sq.ft (2024)
• Samayapurathamman Koil 1st Street (Thiruvalluvar Nagar): Rs 1,900 per sq.ft (2024)
• Sagadevan Street (Venkatapuram): Rs 4,000 per sq.ft (2024)
• Samtharia Nagar: Rs 3,600 per sq.ft (2024)
• Sangam Street: Rs 4,600 per sq.ft (2024)
• Rukumani Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthimadam(Koodam)St.Kavi Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees together to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sakthimadam(Koodam)St.Kavi Bharathi Nagar?

The Sakthimadam(Koodam)St.Kavi Bharathi Nagar falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ambattur

When buying or selling property in Ambattur, the guideline value plays a crucial role in determining the stamp duty and registration fees applicable to the transaction. The guideline value serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it can impact the overall cost of purchasing property. The registration office uses this value to calculate the applicable fees, which must be paid at the time of registration to finalize the property transfer.

Frequently asked questions

What is the current guideline value for Sakthimadam(Koodam)St.Kavi Bharathi Nagar?

The current guideline value for Sakthimadam(Koodam)St.Kavi Bharathi Nagar is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the land classification for this area?

Sakthimadam(Koodam)St.Kavi Bharathi Nagar is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 36,00,000, the stamp duty at 7% is Rs 2,52,000, and the registration fee at 2% is Rs 72,000, totaling Rs 3,24,000.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.